26 Feb '11, 10pm

Crisis-hit Irish PM concedes election wipeout

Crisis-hit Irish PM concedes election wipeout

DUBLIN - Irish Prime Minister Brian Cowen conceded defeat Saturday in the general election, after his ruling Fianna Fail party was crushed by voters angry over the collapse of the economy and an EU-IMF bailout. Cowen said he would talk this weekend with the leader of the main opposition Fine Gael party, Enda Kenny, which is expected to form a new government, likely in coalition with the leftist Labour party. "Clearly today there wasn't support for our party in great numbers. We accept as democrats the outcome," Cowen said after his government become the first to fall as a result of the debt crisis in the 17-country eurozone. Speaking to the RTE state broadcaster, he said it had been a "very, very difficult day" after exit polls suggested Fianna Fail would slump to its worst ever election result and lose two-thirds of its parliamentary seats. Fine Gael secured 36.1 percent ...

Full article: http://www.channelnewsasia.com/stories/afp_world/view/111...

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